The smartphone revolution has had a major impact on our lives, radically changing the way we live, work, and interact with each other. Forget letters or pagers, gone are the days of sending emails to check up on your loved ones, especially when WhatsApp is around. As a result, people are now able to stay in touch with each other more easily than ever before, aside from having access to news, information and entertainment just a few swipes away. But there are some who don't want to acclimatize to this new way of living, and it seems like Warren Buffett is one of them. Surprisingly, the billionaire business magnate and Apple investor owns an iPhone 11 instead of the latest iPhone 14 or last year's iPhone 13.
Warren Buffett uses iPhone 11
The Berkshire Hathaway CEO had previously revealed in a 2018 interview with CNBC that he was a long-term user of a $20 Samsung SCH-U320 flip phone but Apple CEO Tim Cook had been urging him to upgrade to an iPhone for some time. It seems like Cook's wish has come true as Buffett has traded his Samsung flip phone for an iPhone 11.
During a CNBC Squawk Box interview in February 2020, Buffett revealed that the Samsung flip phone had gone and an iPhone 11 had taken its place. Buffett told CNBC's Becky Quick, “My flip phone is permanently gone”.
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Interestingly, the billionaire investor revealed that he didn't actually purchase his new iPhone but was gifted several of them by Tim Cook, who even offered to fly out to Omaha and offer tech support to Buffett.
But despite owning an iPhone, Buffett only uses the iPhone 11 as a phone, admitting that he doesn't use "all its facilities like most people." Moreover, his Twitter account has only 7 tweets which were tweeted by someone else for him.
But the iPhone 11 isn't the only product that Buffett uses, who approximately owns 5.5% of Apple. He also has an iPad, which is used to check stock prices and do research.
FAQs
In a poignant transition reflective of his trust in Apple, Buffett upgraded to an iPhone in 2020 at the age of 89.
What can the iPhone 14 do that the iPhone 11 can t? ›
The Apple iPhone 14 offers several upgrades compared to the iPhone 11. It features a new flat-edged design, a brighter 6.1-inch OLED display, and an improved camera system with sensor-shift stabilization, Smart HDR version 4, and a new Photonic Engine for better color and contrast balance.
Why everyone is buying iPhone 14? ›
The iPhone 14 is a very good phone for the money, offering improved cameras, a faster A15 Bionic chip and fun Action mode for video capture.
Why does Warren Buffett hold so much Apple? ›
Buffett has touted the loyal customer base of the iPhone, saying people would give up their cars before they give up their smartphones. He even called Apple the second-most important business after Berkshire's cluster of insurers.
What cell phone does Elon Musk use? ›
Tech billionaire Elon Musk has announced that he is buying a new iPhone 15 model for himself because he finds the camera 'incredible'. This comes after Apple CEO Tim Cook shared pictures with photographers Stephen Wilkes and Reuben Wu on X, formerly known as Twitter.
Is the iPhone 11 better than the iPhone 14? ›
Compare it to the much older iPhone 11, and the iPhone 14 presents a massive leap forward. Its display is sharper and more vibrant, its camera is way more advanced, and performance is an order of magnitude better.
What is the common problem in the iPhone 11? ›
#1 - DISPLAY PROBLEMS
One user from MacRumors reported that their iPhone 11's screen often flashes a green tint, then goes back to normal after a few seconds. This is the biggest issue with the iPhone 11 series, and the problem is attributed to the OLED display. Users have said that installing iOS 14 fixes the issue.
What year will the iPhone 11 stop working? ›
How long will my iPhone be supported?
| Model | Release date | Supported |
|---|
| iPhone 11 | Sep 20, 2019 | Yes – Until 2026 |
| iPhone 11 Pro / 11 Pro Max | Sep 20, 2019 | Yes – Until 2026 |
| iPhone SE (2nd generation) | Apr 24, 2020 | Yes – Until 2027 |
| iPhone 12 | Oct 23, 2020 | Yes – Until 2027 |
33 more rowsJun 11, 2024
Conclusion. In 2024, the iPhone 13 remains a wise investment for those seeking the latest features and performance. While the iPhone 11 and iPhone 12 still hold their own in various aspects, the iPhone 13's advancements in performance, camera capabilities, battery life, and durability make it a standout choice.
What is the disadvantage of iPhone 14? ›
The first Cons of iPhone 14 models is they may ship without a physical SIM slot but with an eSIM-only design. More crashes of the APP. This sudden collision is confusing. It only takes a few seconds to reopen.
The bottom line: It's worth upgrading to the iPhone 15 if you have an iPhone 12. The updates go beyond new technologies like the Dynamic Island and USB-C; you also get a notable upgrade in everything from general performance to battery life and camera quality.
How much did Warren Buffet lose on Apple? ›
Buffett's Tough Breaks
| Company | Symbol | Loss from transaction |
|---|
| Apple (sold 49%) | AAPL | -$6,178,615,375.14 |
| Occidental Petroleum (bought 3%) | OXY | -$38,169,145.98 |
| T-Mobile US (sold 11%) | TMUS | -$11,234,700.00 |
| Louisiana-Pacific (sold 10%) | LPX | -$7,990,403.48 |
1 more rowAug 19, 2024
Apple (NASDAQ:AAPL) has been Warren Buffett's biggest holding in his company, Berkshire Hathaway, since 2016. Now that's changed with the legendary investor selling off 50% of his stake as of August 3. I'm wondering whether it's an indicator that Apple shares are becoming less attractive to own.
Does Warren Buffett still own Apple? ›
Buffett's Berkshire Hathaway still owns 789 million shares of Apple, or 5.2% of its shares outstanding. But that's roughly half where its ownership stake was before the sale. Berkshire Hathaway is now only the third largest owner of Apple. And that's looking like a good thing now.
What cell phone does Bill Gates use? ›
The billionaire, in a ask-me-anything session on Reddit revealed that he is a Samsung loyalist. Gates currently uses Samsung Galaxy Z Fold 4 and before this he used Galaxy Z Fold 3 as his primary phone.
What phone do billionaires use? ›
Bill Gates uses a folding Android phone – Samsung Galaxy Z Fold 5. Bill Gates, co-founder of Microsoft, net worth 124 billion USD, uses a Galaxy Z Fold 5 right now, and a Z Fold 4 before that. And the Z Fold 3 before that! He's basically been sticking with Samsung through most of its folding growing pains.
Why did Buffett dump Verizon? ›
As interest rates began to rise, Verizon's stock price began to fall. VZ data by YCharts. This is likely the primary culprit for Verizon's stock's woes. Buffett saw the rising rates and knew investors would soon have other options for generating income that didn't include dealing with a shrinking stock price.
Does Warren Buffet use laptop? ›
He does use computers. He has one in his living room for playing bridge online and I'm pretty sure there's either one in his office or down the hall from his office, that he uses when needed.
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